Powell hints at rate cuts - here's why your portfolio just became more interesting
Key Points
- Jerome Powell hinted at a likely rate cut in September, caus...
Jerome Powell just delivered the financial equivalent of a wink and a nudge at Jackson Hole, and traders everywhere are acting like he just announced free money. Spoiler alert: he basically did.
The Fed Chair's Masterclass in Maybe-Speak
On August 22nd, Powell served up his signature dish of carefully worded ambiguity, suggesting that "shifting balance of risks may warrant adjusting our policy stance." Translation for us normal humans: "We're probably cutting rates in September, but I'm legally required to sound boring while saying it."
The market didn't need a translation service. Two-...
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